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October 7, 2022, 10:00 AM
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Top News

Elizabeth Howcroft / Reuters:
Binance says 2M BNB, worth ~$570M, were stolen from its BNB Chain in an exploit; “majority” of BNB are in the hacker's wallet, ~$100M worth were “unrecovered”  —  Hackers have stolen around $100 million worth of cryptocurrency from a Binance-linked blockchain …
Richard Lawler / The Verge:
Filing: a judge grants Elon Musk's request to halt the Twitter trial and says that if the deal doesn't close by 5pm on October 28, the trial begins in November  —  The pending trial between Elon Musk and Twitter is suddenly on hold, as Judge Kathaleen McCormick granted the Musk side's request for a stay …
Bloomberg:
Sources: Musk-Twitter talks are stuck on a debt-financing issue; Musk wants to reserve the right to sue Twitter for allegedly misleading him about bot accounts  —  Talks between Elon Musk and Twitter Inc. to reach a resolution of the $44 billion takeover are stuck in part over Musk's statement …
Roula Khalaf / Financial Times:
Interview with Elon Musk: it is “vaguely therapeutic” to “play the fool on Twitter”, Truth Social is a right-wing echo chamber that can be called Trumpet, more  —  Dinner with Elon Musk begins with a drive in a Tesla.  I am seated in the back, next to X, the billionaire's two-and-a-half-year-old son.
Alex Heath / The Verge:
Internal memo: Meta's VP of Metaverse says Horizon Worlds is suffering from too many quality issues and even the team building the app isn't using it very much  —  Meta's VR social network Horizon Worlds — the company's flagship “metaverse” app — is suffering from too many quality issues …
Kashmir Hill / New York Times:
A look at life in Meta's VR-based social network Horizon Worlds, interacting with early adopters including preteens, parents, insomniacs, and aspiring comedians  —  Every hour of the day and night with the gamers, parents, insomniacs, preteens and aspiring comedians who are the earliest adopters …
Bloomberg:
Amazon stops working on Scout, its autonomous, cooler-sized home delivery robot in testing since 2019; source: ~400 people were working on the project globally  —  Amazon.com Inc. is shutting down tests of its home delivery robot, the latest sign that the e-commerce giant is starting to wind …
Karissa Bell / Engadget:
Meta warns 1M Facebook users that their account info may have been stolen by 400+ apps, often via a “Login with Facebook” button, on App Store and Google Play  —  Meta is warning 1 million Facebook users that their account information may have been compromised by third-party apps from Apple or Google's stores.
Asa Hiken / Ad Age:
Sources: Crypto.com saw a 30%-40% reduction in headcount between June and August, with 2,000+ employees leaving the company, mostly due to layoffs  —  The cryptocurrency exchange has been dramatically downsizing its marketing deals and headcount in the wake of crypto winter  —  May 7 was a joyous day at Crypto.com.
Todd Haselton / CNBC:
AMD announces ~$5.6B in preliminary Q3 revenue, below its outlook of $6.7B plus or minus $200M, driven by weaker Client segment revenue and supply chain issues  —  - AMD issued preliminary third-quarter results Thursday that are well below its initial guidance.
Damien Wilde / 9to5Google:
Google announces the Pixel 7 Pro with a 6.7-inch 120Hz LTPO display, updated “camera bar”, Tensor G2, Android 13, and software face unlock, starting at $899  —  At the latest Made by Google launch event, Google has fully detailed the Pixel 7 Pro following a number of early looks, leaks, and teases.
Kyle Bradshaw / 9to5Google:
Google says Pixel 7 and Pixel 7 Pro users will get free access to Google One's VPN service later in 2022, but other Google One features will require subscribing
Brian Heater / TechCrunch:
Google unveils the circular Pixel Watch with a 41mm case, a curved display, Fitbit health features, and Wear OS, $350 for Wi-Fi and $400 for LTE; preorder now  —  Google gets into the smartwatch game for real with the $350 Wear OS device  —  2021 was the Pixel's year.
Victoria Song / The Verge:
Pixel Watch hands-on: it feels like a round Apple Watch with Wear OS 3.5 taking some cues from watchOS, but its band mechanism might take some getting used to

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This is a Techmeme archive page. It shows how the site appeared at 10:00 AM ET, October 7, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Daniel Thomas / Financial Times:
Trade body data: copyrighted music revenue was $45.5B in 2023, above cinema box office spending of $33.2B in 2023 and $41.9B in 2019; record labels made $28.5B

Mark Kleinman / Sky News:
Sources: CVC Capital Partners and a major European broadcaster, thought to be France's Groupe TF1, are among those considering a takeover of the UK's ITV

Brian Stelter / CNN:
As Elon Musk posts memes about buying MSNBC, sources say one liberal billionaire expressed interest in buying the channel; Comcast is not looking to sell MSNBC

More News

Tiffany Hsu / New York Times:
Pew: 6% of US adults regularly get news on BitChute, Gab, Gettr, Parler, Rumble, Telegram, or Truth Social, but no one site drew over 2% of those seeking news

Earlier Picks

Ina Fried / Axios:
Six robotics companies, including Boston Dynamics, pledge not to support the weaponization of their products and say adding weapons will erode trust in robots
Dan Primack / Axios:
Letter: Tiger Global is aiming to raise $6B for its next fund that invests in privately held tech companies, less than half of what it raised for its prior fund
Jay Peters / The Verge:
Twitter starts rolling out an edit button to Twitter Blue subscribers in the US, a few days after giving it to subscribers in Canada, Australia, and New Zealand
Salvador Rodriguez / Wall Street Journal:
Internal ByteDance report: revenue grew nearly 80% YoY to $61.7B in 2021 but operating losses more than tripled YoY from $2.14B to $7.15B due to growth spending
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